Robo-Signing Is Just the Tip of the Iceberg

watchdog

Ellen Brown: The evidence to date suggests that “robo-signing” was not a mere technical default or sloppy business practice but was part and parcel of a much larger fraud, the fraud that brought down the whole economy in 2008.

LA City Council Shames the U.S. Supreme Court

Supreme Court Justices

On the issue of corporate personhood, is the Los Angeles City Council smarter than the United States Supreme Court?  Incredibly, Yes! Last week in a huge victory for Angelenos, the Los Angeles City Council voted against the 2010 Supreme Court’s ruling in the Citizens United case that found that corporations were entitled to the same rights [...]

LA First Major City on “Move to Amend” Bandwagon

Move to Amend LA co-chairs Mary Beth Fielder and Daniel Lee savor their victory at the press conference afterwards.

Michael R. Evans: Los Angeles became the first major city to call for a constitutional amendment to abolish corporate personhood as a City Council resolution passed unanimously before hundreds of enthusiastic local residents

Supercommittee Sins

supercommittee

Brent Budowsky: The sin of the supercommittee is that it has merely mirrored the old-think politics it was created to rise above.

The Oddness of the President’s Upcoming Deficit-Reduction Plan

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Robert Reich: When unemployment is still in the stratosphere, it would be insane to start cutting the deficit by $3 trillion to $4 trillion. That would push unemployment into outer space.

Inequality: The Real Cause of America’s Economic Woes

GOP-and-CEO-pay-wide

Robert Reich: During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged.

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Jobs: A Grand Bargain

obama phoning

Brent Budowsky: Great presidents know the difference between empty public gimmicks and game-changing public policy. They demand creative ideas, not mediocrity or defeatism, from those who advise them.

Repatriate Prosperity

tax-cuts-wide

Brent Budowsky: Let’s add a “repatriate prosperity” provision that would require participating global companies to increase the size of their American workforce by a designated amount, within a designated window, such as six months, in order to receive the tax holiday.

The Rich Are Destroying the Economy

bank-robbery

Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?

Mr. President: Win One, But Not for the Gipper

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Michael Sigman: Obama’s praise of Reagan leaves a bitter taste in the mouths of those who thought Reagan’s geniality was largely an act that masked eight years of making the rich richer and the poor poorer, including wasting untold billions on a crony-rewarding military spending binge.

The Reagan Centennial: Celebrating Reaganomics

ronald reagan

Joseph Palmero: If you like the way things are in the United States today — with Gilded Age levels of inequality, weak labor unions, low-wage service jobs for most of the workforce, and a public sector that’s dying on the vine — then you can thank Ronald Reagan.

Civic-Minded Plutocrats

joseph palermo

Joseph Palermo: Wouldn’t it be something if the Bin Ladens of the world funneled untraceable cash into Republican candidates’ coffers because they know they can count on the GOP to continue the wars in Iraq and Afghanistan, two of their greatest recruiting vehicles?

A Permanent Housing Collapse?

Shamus Cooke: The housing market appears to be on a never-ending downward spiral, with the much-discussed “recovery” always around the next corner.

Why We Really Shouldn’t Keep the Bush Tax Cut for the Wealthy

wealthy tax cuts

Robert Reich: Restoring top earners’ marginal tax rates to what they were during the Clinton administration (36 and 39 percent) won’t inhibit their spending. That’s because they already save a large portion of what they earn, and already spend what they want to spend.

Did Greedy Homeowners Cause the Big Crash?

homeowners

Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.

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